Set up a diagram like Figure 8.6 and analyze the potential effects of the following: a. A
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Set up a diagram like Figure 8.6 and analyze the potential effects of the following:
a. A reduction in the price of capital used to produce schooling.
b. An increase in the price of labor used to produce schooling.
c. A state law that forces small schools to consolidate with larger school districts.
d. A state law that requires that schools have a pupil/teacher ratio of no more than 20.
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